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20130427
20130505
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have the kind of grand bargain that president obama is talking about with the republicans where you cut social security and medicare and in exchange the republicans agree to raise taxes and you have ten more years of austerity. i think in the next year or two until the economy gets back on its feet, you need public spending to get people back to work, rebuild the infrastructure and make it more competitive and when you get back to something close to full employment, people have jobs and are paying taxes, then you can reduce the debt because you have a higher growth rate and the debt ratio comes down on its own accord. that's the time to rebalance. >> woodruff: would that be your remedy? >> i think the headline for listeners is not what i want but what has happened. if you look at the cbo's unless of what president obama and the republicans have agreed to and they stabilized the debt at a reasonable level about the average of the last 20 years relatively quickly. my guess is given that there's a lot of posturing in washington but they are not going to do much more either way. there won't
, if not tougher, than the bush people. >> narrator: no one in the obama administration would talk to frontline about top secret america. but the president had reauthorized almost all of the dark side operations. greystone-- the hunt for bin laden and al-qaeda-- continued. >> authorities were continued that we were originally granted by president bush beginning shortly after 9/11. those were all picked up, reviewed and endorsed by the obama administration. >> narrator: at home, the president decided to expand the growth of top secret america. >> they've done nothing to roll it back. they've done very little to look inside of it, to say what is it that works, what doesn't work, what do we really need, and in this time of economic hardship, what don't we need? >> narrator: the president understood the political realities. >> there's going to be a terrorist strike some day, and when there is, if you've reduced the terrorism budget, the other party, whoever the other party is at the time, is going to say that you were responsible for the terrorist strike because you cut back the budget. and so it's
to take the reins there is janet yellin, the vice chair. she is who gets most often talked about as a leading candidate. some others are less widely talked about, roger ferguson, larry summers has the resume for it but is a polarizing figure. i think president obama will have plenty of options as he starts to weigh this decision in the months ahead. >> it does sound like janet yellin is the front-runner from the people we've been hearing from. tell me, do you think when it does come time for the federal reserve to pull the stimulus out of the economy, and let's say she is the fed chief, what kind of job do you think she'll do? because it's a very tricky -- it's a very tricky exit strategy to have to executes here. >> yeah, you know, the politics, the technical stuff is one side. you raise interest rates? can you sell off this bond portfolio they've accumulated? $3 trillion a huge task. but have i more confidence in their ability to handle the technical aspects than i do making the right decision. when do you begin this exit? when does the time that inflation is a risk, financial
of foreign policy problems for the country. >> ifill: first of all how many detainees are we talking about here? >> there are currently 166 detainees remaining at guantanamo. that's down from 240 when he took office, and about 800 total whom the bush administration brought there. president obama has not brought anyone to guantanamo. >> ifill: and when you mention at the expense and the president mentioned the expense, what are we talk approximating about? >> it's more expensive to build anything there. it's more-- because it is so far away, you have to barge things in around cuba. it's more expensive to operate anything there. and currently the facilities there are sort of falling apart. the south comm which overseas gain tan to-- guantanamo has a pending request for $200 million in new construction to replace deteriorate facilities which it says needs to be done right now. this would effectively build permanent structures to replace what had been temporary guard baracks and camps and so forth set up over ten years ago. >> ifill: the president also made another claim today, assertion. he s
Search Results 0 to 3 of about 4